Thailand

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Operating a Business in Thailand

Setting up a company | Working conditions | Cost of labor | Social partners

Setting up a company

Legal business entities

Types of companies and capital (max/min)	Number of partners/shareholders and liability	Registration fees
Public Limited Company. No minimum capital.	Minimum 15 partners, Minimum 100 shareholders Liability is limited to the amount contributed.	Approval of the company's statutes by the Ministry of Commerce: THB 700 ; Stamp / seal of the company: THB 300-500; Registration of the company as a legal entity: minimum THB 5,200.
Private Limited Company. No minimum capital.	7 partners, 1 has to have Thai citizenship. Maximum 100 Liability is limited to the amount contributed.	Approval of the company's statutes by the Ministry of Commerce: THB 700 ; Stamp / seal of the company: THB 300-500; Registration of the company as a legal entity: minimum THB 5,200.
Unregistered ordinary partnership. No minimum capital.	Minimum 2 partners. Partners' liability is joint and several.	Approval of the company's statutes by the Ministry of Commerce: THB 700 ; Stamp / seal of the company: THB 300-500; Registration of the company as a legal entity: minimum THB 5,200.
Registered ordinary partnership No minimum capital.	2 or several partners. Liability is limited to the amount contributed for at least one partner and unlimited for the others.	Approval of the company's statutes by the Ministry of Commerce: THB 700 ; Stamp / seal of the company: THB 300-500; Registration of the company as a legal entity: minimum THB 5,200.
Limited partnership No minimum capital.	One or several partners. Liability is limited to the amount contributed for at least one partner and unlimited for the others.	Approval of the company's statutes by the Ministry of Commerce: THB 700 ; Stamp / seal of the company: THB 300-500; Registration of the company as a legal entity: minimum THB 5,200.

Working conditions

Legal weekly duration: 48 hours
Retirement age: There is no legal age of retirement except for civil servants who can retire at 60.
Working contracts: Employment contracts are regulated by Law. Individual negotiations and collective agreements complement it.

Cost of labor

Minimum wage: between 140 baht (USD3.75) and 168 baht (USD4.94) by day
Average wage: The average monthly gross earnings in Thailand is THB 7,730 (USD 226).
Social contributions: Social security contributions paid by employers: 2 %.
Social security contributions paid by employees: 2 %.

Social partners

Social dialogue and involvement of social partners: N/A.
Unions: THAI LABOUR Web site.
THAI LABOUR Campaigns.
THAI LABOUR Portal.
Unionization rate: For information on influences and percentage of Thai in Unions please consult the THAI LABOR Web site.
Labor regulation bodies: Department of employment

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Last updates: November 2009